UAE Corporate Tax

With the end of the first tax year fast approaching for the vast majority of businesses in the UAE and in some cases past for a small number, the period between now and 31 December 2024 will be key to determining what your Corporate Income Tax liability will be and whether there are any opportunities to reduce the tax burden in accordance with the new law. This webinar will cover the following topics in order for businesses to understand the potential planning needed prior to the end of the tax year:

• Requirements for maintaining Compliant Financial Records in accordance with International Financial Reporting Standards (IFRS)
• Depreciation of assets acquired prior to the commencement of the Corporate Tax Laws
• Recognition of income and long term expenses such as deferred income or prepaid expense
• Setting Up a Chart of Accounts to identify adjustments required for tax returns
• Exemption/Thresholds Exempt Income, Small Business and Sole Establishment Business exemptions
• Determining the Appropriate Tax Return for Small Businesses, Free Zones and Natural Persons.
• Filing Deadlines for the first tax return
• Live Q&A Session to address any additional questions.

A Zoom link will be emailed to registered email address approximately one hour before the event starts.